Agriculture News
Areas expected to see both above-normal temps and below-normal precip have been reduced from previous forecasts.
Two-sided trade was seen in the grain and soy markets overnight, with corn and wheat mildly firmer and soybeans weaker early this morning.
Soybean export inspections were down nearly 360,000 MT from the previous week, but were near the top-end range of pre-report estimates. Soybean inspections are running currently running 1.6% ahead of a year ago.
Corn and wheat are expected to open under mild pressure, while soybeans are likely to be mostly weaker this morning.
Soybeans are firmer this morning, while corn and wheat are weaker following two-sided trade overnight.
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The firmer tone from overnight is expected to carry over to daytime trade.
Corn and wheat futures posted corrective gains overnight, while soybeans also traded higher despite weakness in soymeal.
Chicago Federal Reserve says Midwest farmland values rose 12%
Soybeans are expected to open with a firmer tone. Corn and wheat are expected to open mixed.